German IFO Business Climate Index misses estimates with 93.4 in Sept, EUR/USD unfazed

• German IFO Business Climate Index came in at 93.4 in September.
• IFO Current Economic Assessment stood at 89.2 this month.
• September German IFO Expectations Index arrived at 97.7.

The headline German IFO Business Climate Index came in at 93.4 in September, stronger than last month's 92.6 while missing the consensus estimates pointing to a reading of 93.8.

more to come ...

About German IFO

The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute changed series from the base year of 2000 to the base year of 2005 as of May 2011 and then changed series to include services as of April 2018. The survey now includes 9,000 monthly survey responses from firms in the manufacturing, service sector, trade and construction.